Lost Profits Award Must Be Supported by Objective Facts and Data

Business Valuation Update BVLaw
Legal and Court Case Update
August 9, 2006

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5541 Gasoline Service Stations
447110 Gasoline Stations with Convenience Stores
contract
lost profits, economic damages & lost profits
Hicks Oil & Butane Co. v. George Garza
No. 04-05-00836-CV (Tex. App. 4 Dist. 2006)
US
State Court
Texas
Court of Appeals
Marion

Summary

The Texas Court of Appeals, Fourth District, reversed a lost profits award to a gasoline dealer because the lost profits evidence was speculative.

See Also

Hicks Oil & Butane Co. v. George Garza

Full Text of Court Cases
August 9, 2006

The Texas Court of Appeals, Fourth District, reversed a lost profits award to a gasoline dealer because the lost profits evidence was speculative.